Sabrina Chikh

Sabrina Chikh

Professor of Finance, SKEMA Business School

MARKET EFFICIENCY: LET’S SET THE RECORD STRAIGHT!

In the book "Fault Lines: How Hidden Fractures Still Threaten the World Economy" Raghuram Rajan asks why, during the 2006 crisis, the banks whose share prices had risen the furthest were in fact the worst performers. Given that all public information is reflected into the stock prices, shouldn’t they reflect the quality of the balance sheet and the potential for profit? Is this proof of market inefficiency?

360 Learning: Achieving mastery in different ways

In the past Financial Modelling courses I taught, I would always use the same case study for the exams, but often felt the limitations of this. What I wanted for my students was a challenging multi-faceted activity that would make them apply critical thinking in different ways.

To clear up a common misconception: shareholders do not get rich off dividends

In the midst of the COVID-19 crisis, dividends are the source of many debates and disagreements. On 24 March, the French Minister of the Economy and Finance, Bruno Le Maire, urged French companies to exercise the utmost restraint in paying dividends in 2020 and stated that companies in which the State is a shareholder would be asked not to pay dividends.